Is Ransom County, ND a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ransom County has remained a Buyer's Market.
Key Takeaway
Ransom County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ransom County, ND
How much do homes in Ransom County, ND cost?
Median Sold Price
$176,000
$71/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ransom County have sold for 23.1% more than they did a year ago.
Summary: The median home sold price in Ransom County was $176,000 in May 2024, up 23.1% from last year, and the median price per square foot was $71.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $79.8K | $84K | +5.3% |
| 3 Bedrooms | $132.5K | $175K | +32.1% |
| 4 Bedrooms | $215K | $180K | -16.3% |
| 5+ Bedrooms | $247K | $375K | +51.8% |
Summary: Ransom County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 32.1%, 4 bedroom homes decreased by 16.3%, and 5+ bedroom homes increased by 51.8%.
Median Sold Price Compared To Nearby Counties
| Ransom County | $143K | $176K | +23.1% |
| Richland County | $212K | $235K | +10.8% |
| Barnes County | $206.5K | $175.2K | -15.2% |
Housing Supply in Ransom County, ND
How many homes are available in Ransom County, ND?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The Ransom County real estate market had 39 homes for sale in May 2024, a 8.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 8 | 6 | -25.0% |
| 3 Bedrooms | 12 | 17 | +41.7% |
| 4 Bedrooms | 12 | 12 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ransom County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 41.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ransom County, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Ransom County in May 2024, the same as the previous month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ransom County, ND
How long does it take to sell a home in Ransom County, ND?
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ransom County are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in Ransom County; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
